Tuesday, February 7 2023 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of Feb 06
Week of Jan 30
Week of Jan 23
Week of Jan 16
Week of Jan 09
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    2060MW Shuaibah 2 Solar PV Project

    December 1, 2022 - Al Bawaba Business


      Scope of Work:

      Construction of 2060MW Shuaibah 2 Solar PV Project.


      The Public Investment Fund (PIF), Saudi Arabia announced in a statement regarding the signing a power purchase agreement (PPA) of Shuaibah 2 Solar PV Plant, with the Saudi Power Procurement Company (SPPC). The Project location is in Shuaibah, Western region of Saudi Arabia. The project will be jointly owned by Badeel (a PIF Company) and ACWA Power. Each company will hold a 50% equity stake through the establishment of Shuaibah Two Electrical Energy Company, a joint company dedicated to the development of the project.

      The project has recorded the cost for Solar PV electricity production of USD 1.792 cents/kwh. This is the largest facility of its kind in the Middle East to date. The project is expected to achieve commercial operation by Q4 2025. Badeel and ACWA Power will build, own, and operate Al Shuaibah 2 facility and the electricity produced will be sold to SPPC. When complete, it will power 350,000 homes. The project marks an important milestone for NREP that was initiated by MoE and aims to develop 70% of the nations renewable energy through PIF by 2030.


      Saudi Power Procurement Company (SPPC)

      ZIP Code:13342-6274

      2929-Al Aarid - Unit Number:68

      Riyadh,Saudi Arabia

      Tel-Fax: 920011867

      https://www.spb.com.sa/ Project completion date : 2025-12-31 12:00:00 Major organization : PUBLIC INVESTMENT FUND (PIF)

      Address : 4044 Al Imam Saud Ibn Abdul Aziz Branch Rd, An Nakheel, Riyadh 12382

      Country :Saudi Arabia Url : https://www.pif.gov.sa/

      Financier address : Other Owner:


      Building 1, Ground Floor,Business Gate Office Complex,Airport Road,P.O. Box 22616 Riyadh-11416

      Saudi Arabia

      Tel : +966 11 2835555

      Fax : +966 11 2835500



    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.